Pending

8137 Pine Island Terrace

Crown Point, IN 46307

$559,900 $2,360/Mo

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Overview

Bed

Bath

0.51

Acre(Lot)

Description

Well-maintained 4-unit apartment building, multifamily asset located in Crown Point, Indiana sitting on 0.51 acres. Built in 1978, this 4-unit property provides a strong investment opportunity. Prime location near schools, a community park, and local amenities, including on-site laundry facility and hallway storage for occupants. Owner is responsible for water (cold/hot) in units and common area, electricity only in common area, for gas bill in common area, and homeowner association fees. Units are fitted with in-wall electric air conditioning units, electric baseboard heating, and electric appliances including stove. Tenants are responsible for respective electric bills. All units are currently actively occupied, with several occupants living there for several years. First floo r units include a walk out patio, second floor units include a balcony. Front of the building provides ample parking spaces. Spacious grass surrounding the building with a small stream behind the property. Brand new, single-layer roof installed in 2017.

Property Details

Property Type : Residential Income

Price : $559,900

AD Id : 78475291

MLS Id : NRA838817

Lot Size : 0.51 Acre

Year Built : 1977

County : Lake

Map

What's Nearby

Nearby Areas

Features

Interior Features

Other Appliances: Dryer, Washer, Range Hood, Refrigerator, Range, Gas Water Heater, Gas Range, Freezer, Electric Range, Dishwasher, Disposal
Heating & Cooling

Heating: Baseboard, Natural Gas WaterSource: Public

Building Information

Year Built: 1977

Lot Information

Lot Description: Other Lot Square Feet: 22215.6 Lot Acres: 0.51

Property Information

Property Type: Residential Income Sub Type: Quadruplex

Tax Information

Tax Assessed Value: 278600 Tax Legal Description: PINE ISLAND RIDGE A 10 PARCEL 3 Annual Tax: $4683 Tax Year: 2024 Parcel Number: 451124426008000036

Utility Information

Sewer: Public Sewer Water Source: Public
Location Information

Subdivision: n/a City: Crown Point Direction: Drive north on South Main St/US 231 North/SR 55 North. Continue on SR 55 North. Left to West 81st Ave/US 30 West. Continue on US 30 West. Left to Pine Island Drive. Left to Pine Island Court.

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ByOwner last updated this listing 07/04/2026 @ 06:20

MLS: NIRA #838817 LISTED BY: Steven Koleno, Beycome Brokerage Realty LLC 804-656-5007 SOURCE: Northwest Indiana REALTORS® Association (formerly GNIAR) (Listings courtesy of Northwest Indiana REALTORS® Association (formerly GNIAR) as distributed by MLS GRID)

8137 Pine Island Terrace

Property Details

Map

What's Nearby

Nearby Areas

Features

Interior Features

Exterior Features

Property / Lot Details

Taxes / Assessments

School, Utilities & Location Details

How much is this property worth?

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